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What better way to celebrate Australia Day than to listen to the Triple J Hottest 100 and have a punt at the same time.

The annual poll is regarded as the 'world's greatest music democracy' and for those of us who love a wager, betting is available on the song that we think fill finish the count as No.1.

Last year, over 2 million votes were received, a number that keeps on growing, and The Rubens 'Hoops' finished atop the chart. This year, Never Be Like You by Flume is favoured to take out the top spot and is $1.70 with sportsbet, but the money has come for Adore by Amy Shark, which is now in from $3.50 to $3.

The countdown has produced some cracking winners over the journey including Augie March's One Crowded Hour in 2006 as well as No One Knows by Queens Of The Stone Age in 2002, but there have also been some shockers that got up. Who on earth voted for Pretty Fly by Offspring in 1998?

When it comes to picking the winner in the Hottest 100, there are a few things to keep in mind, and they include which country the artist is from and whether or not the song has been supported in betting markets.

Of the 23 Hottest 100 countdown's since the initial one in 1993, 13 of the No.1 songs have been from Australia artists, while 10 have been from internationals.

Five of the last six winners have been from homegrown acts with The Rubens last year as well as Chet Faker (2014- Talk Is Cheap), Vance Joy (2013- Riptide), Gotye (2011- Somebody I Used To Know) and Angus & Julia Stone (2010- Big Jet Plane).

This year, the first three contenders in the market are all locals with Melbourne singer/songwriter Tash Sultana another chance at $13 with Jungle.

Canadian performer, The Weekend, has his hit, Starry, at $17, while the versatile American performer, Childish Gambino has Redbone at $21. Childish Gambino will be aiming to join Macklemore (2012- Thrift Shop) as a recent American based winner.

Other performers in the market include Violent Soho with Viceroy at $21, while Stranger by Perking Duk ft Elliphant is out to $31.

It is interesting to note that last year's winner, Hoops, closed at $8 before the countdown begun. Kendrick Lamar's 'King Kunta' was backed of the map and started at $2.20 ahead of Lean On by Major Lazer and DJ Snake feat MO at $3.50. However, it was a mini upset as the Rubens prevailed ahead of King Kunta in second position so it may be worth thinking outside the square and considering a 'roughie'.

Finally, a school of thought once existed that the count favoured songs that were released in latter parts of the year but this has not necessarily been the case in recent times. While Hoops was released in August of 2015, Talk Is Cheap (February 2014) and Riptide (April 2013) were released much earlier on in their respective years.

Predictions:

The safe option would definitely be to follow the money trail and go with Adore by Amy Shark, but for those that like a bit of value, consider what is a great hit from Peking Duk ft Elliphant- Stranger. Peking Duk finished runner-up in the 2014 count with High.